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CNBC Franchise Archive Europe: Economy

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  • *Corporate earnings lift U.S., European stocks. NEW YORK, July 29- Global equity markets rose on Wednesday, lifted by strong U.S. and European corporate earnings and a Federal Reserve statement that said the U.S. economy continues to strengthen, adding to expectations that an interest rate hike is getting closer. "The Fed is taking baby steps towards a rate hike," said...

  • *Vlieghe to retain interest in Brevan Howard hedge fund. LONDON, July 29- New Bank of England policymaker Gertjan Vlieghe will retain a financial interest in one of the world's biggest hedge fund firms while he sets interest rates, an arrangement that Britain's finance ministry said posed no conflict of interest. Some economists privately expressed surprise...

  • Fed holds steady on rates, seeks further economic gains Wednesday, 29 Jul 2015 | 2:05 PM ET

    WASHINGTON— The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy meeting provided no timetable. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has...

  • *Vlieghe to retain interest in Brevan Howard hedge fund. LONDON, July 29- New Bank of England policymaker Gertjan Vlieghe will retain a financial interest in one of the world's biggest hedge fund firms while he sets interest rates, an arrangement which Britain's finance ministry said posed no conflict of interest. Some economists privately expressed surprise...

  • Are European shares cheap? Wednesday, 29 Jul 2015 | 11:00 AM ET
    Are European shares cheap?

    Andrew Parry, head of equities at Hermes, discusses the earnings trend in European companies emerging this quarter.

  • AP PHOTOS: Greece's odyssey through its latest crisis Wednesday, 29 Jul 2015 | 7:48 AM ET

    Greece has endured financial and political chaos since its referendum on July 5 on a bailout proposal by the country's rescue creditors. They let Greece's existing bailout expire, forcing the country to take the drastic action of shutting its banks for three weeks and putting limits on money withdrawals and transfers. The photographs here chronicle...

  • Survey: German consumers remain optimistic Wednesday, 29 Jul 2015 | 4:11 AM ET

    BERLIN— A closely-watched survey indicates German consumers remain optimistic but are showing signs of worry about the country's economic situation amid uncertainty about Greece's financial future. The GfK report says "consumers apparently assume that the hard-won solution in the debt dispute with Greece will have negative consequences on the German...

  • China auto sales slump hits industry fortunes Wednesday, 29 Jul 2015 | 4:09 AM ET

    BEIJING— General Motors Co.' s $5 billion initiative to create cars for China and other emerging markets comes just as automakers face a collapse in the booming Chinese demand they were counting on to power their growth. On Wednesday, Volkswagen AG said its second-quarter profit fell 16 percent due partly to weakness in China, where first-half sales fell 0.5...

  • As it happened: China stocks stage late rally; up 4% Wednesday, 29 Jul 2015 | 3:59 AM ET
    Investors gather to check share prices in a security firm in Shanghai.

    Chinese investors recovered their poise as we geared up for another bumper day of earnings and the Federal Reserve monetary policy meeting.

  • NEW YORK— U.S. stocks rose on Wednesday after Federal Reserve policymakers voted to keep interest rates unchanged and gave no indication that a rate rise was imminent. "Yeah, the economy is improving, but they are not really saying that the economy is taking off here," said Tom di Galoma, head of rates trading at ED&F Man Capital. There are several reasons why the Fed...

  • WASHINGTON— The Federal Reserve is moving toward raising interest rates from record lows— just not likely yet. The meeting will end with a policy statement but no news conference by Chair Janet Yellen. "Our economy is in a much better state," Yellen told Congress earlier this month.

  • ATHENS/ BRUSSELS, July 28- Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting the depth of mutual mistrust over a new round of negotiations on an 86 billion euro bailout that started this week. Differences included the pace and conduct of bailout talks, whether or not Greece needs to enact further laws...

  • European stocks finish higher; RSA surges 20% Tuesday, 28 Jul 2015 | 11:30 AM ET
    European stocks finish higher; RSA surges 20%

    European equities ended in positive territory on Tuesday, as investors kept an eye on the slew of earnings and the start of the Federal Reserve meeting.

  • Asian stocks post cautious gains ahead of Fed statement Tuesday, 28 Jul 2015 | 10:17 AM ET

    "We just don't see any significant catalyst that will move this market higher, even after last week's declines," said Kristina Hooper, global market strategist with Allianz Global Investors. UPS rose $4.82, or 5.1 percent, to $99.94. UPS earned $1.23 billion, or $1.35 per share, for the three months ended June 30.

  • *Economists see Bank of England rate rise? LONDON, July 28- British economic growth got back on track in the second quarter but the strength of the pound hurt manufacturers, putting the Bank of England in a tricky spot as it gets closer to raising interest rates. "Sterling strength has clearly been a key driver behind the re-emergence of the two-speed economy, making...

  • *GDP down 4.2 pct year on year in June. MOSCOW, July 28- The sharp decline in Russia's economy may have almost run its course, official data showed on Tuesday, slowed by a huge devaluation of the rouble and heavy government spending on anti-crisis measures. The economy has slumped as a result of Western sanctions linked to the Ukraine conflict and last year's...

  • Britain's economy grows 0.7 percent in second quarter Tuesday, 28 Jul 2015 | 5:21 AM ET

    LONDON— Britain's economy picked up speed in the second quarter of 2015, when it expanded by 0.7 percent compared with the previous three-month period. The Office of National Statistics said Tuesday that the economic growth in the April-June period accelerated from a rate of 0.4 percent in the previous quarter. Chris Williamson, analyst at Markit.com, says...

  • ATHENS, Greece— Greece pushed ahead with talks on a new rescue loan Tuesday, but its government came under increasing pressure over claims it had a top-secret plan to prepare for a euro exit that involved accessing citizens' personal tax data. The talks in Athens aim to thrash out the terms of the deal— worth about 85 billion euros over three years— before Aug. 20, when...

  • On Tuesday's Squawk Box Live we kept an eye on markets as Asian equities saw volatile trade on the back of a China stock rout.

  • GDP shows UK is back on track: Pro Tuesday, 28 Jul 2015 | 4:40 AM ET
    GDP shows UK is back on track: Pro

    U.K.'s second quarter GDP came in at 0.7% quarter-on-quarter, meeting expectations. Elizabeth Martins, chief UK economist at HSBC, reacts.

Contact Europe: Economy

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